Agent.sg / Property news / What have foreign homebuyers been snagging in Singapore this year?

What have foreign homebuyers been snagging in Singapore this year?

Fresh property news selection on September 02. 2020, Wednesday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to [email protected] so our editors can use them as sources.


Amongst the units purchased by non-Singaporean buyers so far, half were completed units and half were uncompleted.

09.02.

The private residential market was surprisingly resilient, despite the circuit breaker from 7 April to 1 June 2020 and the economy only able to reopen in phases, chalking up 3,862 primary sales and 3,071 secondary sales with prices falling by a slight 0.7% in the first six months of 2020, according to Knight Frank. In addition, it was a testament to the strength of the market when the URA Private Residential Price Index rose by 0.3% in Q2 2020, in a time when viewings were not allowed and showflats were closed for more than two months. During this period, most of the buyers were Singaporean. So where have the foreign homebuyers gone?

Nowhere really... Leonard Tay, Head of Research, Knight Frank Singapore, says foreign homebuyers comprising both Singapore permanent residents and foreigners made up 18.3% of purchases in Q2 2020, a marginal drop of 1.9 percentage points over a 20.2% composition in Q1 2020. And this, at a time when hardly any cross-border travel was allowed. Taking into consideration that the proportion of foreign homebuyers made up 19.9% of all private home sales in all of 2019, Q2 2020’s 18.3% is also not too far off when compared to a year where market conditions were considered normal.

Read the full article here »


Freshest Property News from Singapore


Interesting Stories Related Singapore


Summer Blankets


Stylish Cat Furniture


Previous news selection

Property investments plunged 73.4% to $1.7b in Q2


Guest blogging

Are you an aspiring writer and especially interested in real estate? Become a Guest Blogger here, on Agent.sg. Choose a topic which suits your field of expertise and our profile as well, then create your blog post and send it to our email address [email protected]. For more information, visit our Guest Blogging Subpage.

About Agent.sg Daily Property News Selection

Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.

Contribute

If you also want to share an amazing article that you come across and it fits in the real estate / economy topics, just let it us know in e-mail. We don't guarantee to publish all, but we will some of them for sure. If you want us to bring out your own article, please contact us at [email protected]. Some references would also be highly welcome to send us from among your previous publications.

Advertise

Are you looking for some online distribution channels? You find one. Haven't you found a place for your traditional means of advertisement, like PR article or display banner? You've never been so close, just e-mail us at [email protected] and our colleague will get in touch with you.